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we are in the middle because you what the economy to improve but not want to the fed to stop totally but yet you want to show it is getting better because sees earnings have to grow so the goldilocks scenario is the underlying growth would pick up and yet pick up later but then not have a crash when e rates go higher. dennis: you say the stocks go down with good news because we are scared they will tie ended? but today they went up triple digits is there such an attitude to where i think the economy will go okay? >> fortunately a part of that is the investors are confident coming back to the stock market. it will go up even just people thinking it is up. >> what did you think of the report today? >> solid but not spectacular. to reduce thousand jobs is a good bumper but every other indicator was positive. most importantly we saw improvement of the for sandage other americans in the workforce. i was happy with this report but we should not be celebratory i remember in the '80s and '90s we had five budgets thousand jobs in one month but it there is no such styles as to get the jobs cre
as firms cutting staff so france still a big concern for the eurozone economy. we'll get more reaction on that in the next five minutes. at the same time, china is rolling out a new ipo plan. a 14 month freeze on new listings. companies will have to provide more disclosure in exchange for letting the market have more say on which deals get the green light. we're in sing ga pure with more market reaction. >> ross, beijing's news will bring the shanghai higher. the shendo boards tumbled 5%. the chinese deposit had its worst plunge ever. so before today the index had rallied more than 80% this year and it lost over 8% in today's trade. chinese authorities signal the likely resumption of ipo approvals as soon as next month. broker rages got a strong boost as can you see from the first row here. banks mostly ended in the green. health wide, new rules requiring cash dividends as well as the state council's announcement to start a preferred pallet program which may help banks shore up its core capital. but beijing is getting tougher on back door listings. while ipo approvals were stalling, ma
. making sense of the new jobs numbers. has the economy turned the corner when it comes to the economy. >>> we'll hear from president bill clinton. >>> motor city master pieces. the latest on possibly selling artwork opened by detroit. could it pull the city it of bankruptcy, and should it? >>> good morning, everyone. welcome to "weekends with alex wit witt". president obama surging congress to extend benefits for 1.3 million workers. they are set to expire just three days after christmas. >> if congress refuses to act it won't just hurt families already struggling. it will actually harm our economy. unemployment insurance is one of the most effective ways there is to boost our economy. when people have money to spend on basic necessities, that means more customers for our businesses and ultimately more jobs. >> the republicans are focusing on obama care. >> families who work hard and play by the rules deserve some basic choices, fairness and relief. that's why the house has passed legislation to delay the individual mandate for all americans and let you keep the plan you like. these p
can do the trick. it came in the face of an employment report that was uplifting. the economy cranking out 203,000 jobs last month and the jobless rate dropping to to 7%, lower tn anyone could remember in five years. it might not be a fluke because consumers are feeling it, too. back to why this is all so weird. normally investors sell off on good news like this because it would signal the federal reserve starts helping them out and starts tapering the 85 billion bucks a month it's been flowing their way to keep interest rates low. a lot more on weather stocks stay high, but first, to mother nature, anything but hot. because fox is on top of a massive ice storm not letting up. icy cold temperatures ripping across a huge part of the country today. the wind chill in montana, minus 46. not much better throughout the midwest, and this arctic blast is expected to stick around for a while. no matter where you live you're likely to be hit and we're all over it with casey stiegel on the mess that is getting messier. scott in arkansas, where things are not much better. joe, on why we could all
and a very favorable way for wall street despite the expectation that a growing economy will lead to the end of the federal reserve easing money policies. first to the economy, the november jobs report showed an unemployment rate of 7%. that is the lowest monthly unemployment rate since the december before president obama took office. the economy beating expectations , creating more than 200,000 jobs last month. with september and october payroll numbers also revised higher. the labor force participation rate ticked up for the first time in nearly five years. after hitting a 35 year low in october. and the total number of people out of work including the unemployed and the under employed dropped by more than a million people last month. those job gains and a broad range of industries, including higher paying sectors like manufacturing and construction, which added 27,000 new jobs alone last month. wall street today indicated investors may now be prepared to bid adios to quantitative easing despite lingering fears that the better reserve will quit its easing money policies in. the doubt -- do
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it was all about. south africa had the economy, has the economy that is the greatest economic engine on the african continent and nelson n mandela did not dismantle that economy, he did not force the kind of redistribution of wealth at a pace in which his supporters wanted it to happen, he said now it's time for us to build, not to function as a revolution anymore. >> thanks, john harwood. we appreciate it. now, we are joined on the phone by robert johnson, who is a cnbc contributor, founder of the rlj and former chairman of b.e.t., old friend of mine. robert, you met nelson mandela many times, okay. how many times did you meet him, what are your thoughts tonight as he passes away? >> yeah, i had the great and humbling pleasure of meeting president mandela on a number of occasions, first with the former commerce secretary, late ron brown, and then i also accompanied president clinton on his historic trip to sub-saharan africa and of course when president mandela came to the united states seeking to raise funds to continue to fight apartheid and support his charities. the one thing,
for the economy in his autumn statement. the chancellor is expected to lower his borrowing costs and offer suggestions that a budget surplus is in sight for the first time since the millennium. >>> still to come, we will in around 20 minutes be at college green outside the houses of parliament for a full autumn preview. joining me will be steve radially, the boss of manufacturing policy group eef. and later in the show, helia will discuss the good and the bad with the british politician lord digby jones. always were a good comment or two, digby. >>> as far as the agenda in the states today, we have initial jobless claims being released at 8:30. the number might be a preview of what might come in tomorrow's jobs report. at 8:30, we get third quarter gdp. a key benchmark on the road map to the u.s. economic recovery. and october factory orders come out this morning. they are at 10:00 a.m. >>> that's the data. what about global asset prices? let's bring you up to speed. ten minutes to the trading day, we are weighted around about 6 to 4 currently advancers outpace decliners on the dow jones s
nightmare of a cruise ship. good morning, everybody. stocks finally good news on the economy means good news for stocks. nicole is on the floor of the new york stock exchange to explain it all. nicole: we are seeing something have not seen in some time, some big gains, green arrows. triple digit gains in the dow jones industrial. we have not had an up day where at the closing bell we had i anp arrow for the dow. since before thanksgiving, since last wednesday. it is welcome especially for the bulls, but for right now it looks like we will be snapping our winning streak we have seen. up 8 of the last straight weeks, but last friday the dow closed 16,086, so some way to go with that. some all-time highs worth noting. you are hot on these names. 1064. back to you. dagen: i'm smiling because two of my favorite people on the planet are here. two of my favorite people. here to talk about this, the newest news on employers. 243,000 jobs in november beat estimate by more than 20,000 people. a five year low of ninth round. labor participation rate, the number of people in the workforce looking for wo
think it will be a little problem for the economy, unless they can prove that the economy has strengthened enough to handle it. i don't think it's there yet. >> we've had one small preview of this move and it was called this summer. we saw the ten-year move back up to 3%. we know it took some momentum out of the housing market. if i'm the fed and looking at what's happening with housing, with autos, is the evidence strong enough that that did enough damage that the same will happen again? >> i think they're worried about that. i think they're absolutely worried about that, which is why they're not -- why they're not going to taper. especially why not they're going to taper into the end of the year. right? there are two many other issues in front of them. as abigail said, the changing of the fed, debt ceiling in front of us. today there's that rumor we'll come to this budget agreement before washington goes on vacation in two weeks. if that happens, that just opens the way further, i think, for a little morally. >> you sound like you're taking some profits here, abigail. are yo
to the economy and will i make as much money next year and will i have a job. so all of these things and it seems to be more so on people's minds because confidence numbers are dropping and that is a trend that we are seeing since the beginning of october. neil: that has been what you believe, right? >> a lot of people are expecting health care costs to rise another new tax that will calm on consumers. there are a lot of things that have hit the economy, concerns about the government shutdown, concerns about his health care plan, that has translated into not a lot of new jobs. a lot of the numbers have been disappointing and people see that. for people that are working and haven't lost their jobs, they probably feel confident that they can go out and spend some money for the christmas season. but no one is feeling gregarious because there is a lot of uncertainty about the economy and at the same time, we have a 7% consumer savings rate and that is all the way down to 2% now. what we are seeing is consumers have chipped away at any savings they have had and have very few bullets left in the chambe
is the story? >> the idea is that it grows when the conomy is bad and it contracts when the economy starts to improve. projections are that in the next five years it will go back at the 1996 levels to ensure its economy and the point is to boost wages. neil: one people out of seven people, isn't that bad? >> one person out of seven people is about $23,000 a year getting for food stamps. >> i'm not sure it's one out of seven. but what i hear what melissa is saying. it's a bad economy. 65% of groceries and food stamps due to that. neil: we also relax the standards? >> yes, starting under george bush. as well as president obama. there were a requirements and tests and the like. but that is a recent development. while people are misleading others about when they say that there is not an explosion of food stamps, there's a higher growth rate. what they are saying is rescue the food stamp program for t truly poor. the. neil: we could go back and forth for who is really poo and who is not poor. but you could go beyond food stamps, now you are close to one out of three americs getting assistance.
, and the result is an economy that's become profoundly unequal. >> mr. obama in professor mode had stats. america's top 10% now earn half of all u.s. income, up he said from 1/3. ceos he said used to make 20 to 30 times what workers do, now he said make 273 times more and the top 1% of americans who have net worts now 288 times what a typical u.s. family has. >> that is a dangerous and growing inequality and lack of upward mobility that has jeopardized middle class america's basic bargain, that if you work hard, you have a chance to get ahead. >> reporter: he wants at least a higher minimum wage and an extension of emergency unemployment benefits. the president said when budget talks get going obama care will not be on the table because, he said, his plan is ending one of america's worst inequities, unequal access to health care. larry. >> thanks very much, steve handelsman. we appreciate it. i'm going to say it again with all due respect to mr. president, growing income inequality is not the greatest challenge of our time. we need strong economic growth. that's the biggest challenge. i need a ri
's policies that they're killing the economy. the economy isn't dying at all. in fact, there are more and more signs it's thriving under the president's leadership. according to the new monthly jobs report out today, the economy added more than 200,000 jobs in november. and the unemployment rate is down to 7%, lowest level in five years. the president's enemies responded to the news the only way they know how by attacking the affordable care act. well, here's only a sampling of their reactions to the good jobs news. keep in mind, these are statements supposedly about the jobs report. speaker boehner said, we need to protect all americans from the fundamentally flawed health care bill. eric cantor had this to say. quote, stop obama care from reducing hours and eliminating jobs. peter roscom of illinois said we continue to see the lost coverage, cost spikes on the strain of the president's health care law. then there's this sugar plum from tom price of georgia who dug up the old refrain that millions of americans are going to see their policies canceled. it seems no matter what the news, it's li
is the economy. >> the economy remains the single biggest concern. >> washington consistently failed to act. >> these asperities have become too big to ignore. >> making an action across the board. >> raising minimum wage, assistance to the long-term unemployed. something of a warning call to the american dream. >> it is not simply a moral claim. >> it's rooted in the personal. >> so we can make a difference on this. >> there are 19 shopping days to find health insurance on the government exchange. 29,000 people reportedly completed the application and selected a health plan on the federal exchange on sunday and monday but we don't exactly know how many of them completed the purchase and have paid their first premium. today, president obama told young supporters at the affordable care act youth summit how they can help make health care reform a success. >> the truth is, that for your friends and family, the most important source of information is not going to be me. it's going to be you. they are going to trust you if you're taking them on a website, walking them through it, saying, look, a
? >> very much like peter said, many want more evidence the economy is indeed strong enough that they feel comfortable to pull back a bit because the last thing they want to do is pull back and have to reverse course. they stop asset purchases twice before only to come back in again. they don't want that to happen. december is a tough time to start tapering. a lot of people are on vacation, the market is very thin. the last thing they would want to do is potentially make a move leading to an exaggerated reaction in the bond market because again you have this. it will be a 2014 story. cheryladam: why not the january meeting? is that too soon? speak a lot of people have turned their forecast focus to . you don't have it press conference afterwards. you can always announce the decision to start doing press conferences after every meeting and that would put january into play. between the leadership transition, the fact they will not be doing new forecasts. we are looking for a very weak fourth-quarter gdp number. could only be half to 1%. adam: let me play devil's advocate. gdp in the last qua
if this fragile economy had any legs. now we're seeing those legs. one thing i was really encouraged by was the slight increase in labor force participation rate. you can see that across a lot of h-cohorts. the only one that went down was initial one 16 to 25. other than that the other cohorts they were rising. that sort of increase lakreescrease legitimizes increase. >> and people retiring who might have stayed in the labor force during the recession. things look like better. they're retiring. the unemployment being where it is may stay down there despite the upward pressure may not be as high as some thought. haum more months before we hit 6.5% on the unemployment rate? >> i have believed for a long time we'll see 6.5% unemployment rate by the fourth quarter. keep in mind, even with today's federal reserve flow of funds data showing another record increase in household network worth. a lot of people that lost money in the financial crisis they got it back and are even ahead of the game and they're feeling more comfortable. this they want to retire they're retire.
of taper. it gives them comfort that the economy is doing well. i think friday's job report and some other items recently, i think investors are getting comfortable if it does happen in december. >> if it does happen, they say the fed is more likely to wait and happen next year. what is the fed going to be looking at at this point? you see a stronger jobs number. it's tough for a hawk to say that the feds have a definitive breakout pattern. >> that's right. our economists are saying the fed is probably interested in trying to begin the taper process. i think january is a better date. i think that will help. if we can see spending, we'll see how that will be a factor. >> you said at the end of november that december is likely to be a pretty strong month for the market. last week was a down week. what do you think the month will bring at this point? >> i think investors will want to finish the year strong. i think they're optimistic about 2014. there's still a bit of performance chasing taking place. then our position data we track, hedge fund and mutual fund data and broader macro fund posi
to the economy. the effect that it could have, people have to have the wherewithal. if it did not have the appropriate planning where we get the money? many people live paycheck to paycheck. they have to look to the investments to liquidate which may not be the best with the rise in the interest-rate, the rise of the stock. gerri: interesting. >> it really becomes important for people to plan now so that they can have the cash or with all. gerri: to you think this will have an economic effect? >> absolutely. gerri: people been yanking money out of stocks and savings, looking under every politician that they can find to find the money to pay this tax bill. >> yes. and that will take effect in april. and people will see that. and that trickle-down effect will hopefully be able to have people working effectively so that when they can minimize the taxes ifs. gerri: it is just so funny. a lot of this is because of obamacare, because the four will correct. like somebody tweeted the other day, i like to obamacare. ides is not to not realize i was paid for it which is exactly what will happen
. they've got a good monetary policy, lower corporate tax rates than we have. their economy is growing better. but when it comes to health care, they come across the border. >> well, the wealthy and those that can afford to come across the border do. but those that can't get access to health care in america are stuck in emergency rooms with high temperatures waiting to get their children taken care of. i concede this is a mess. we may have tried too much too fast and on a partisan basis. i've said we should hit the reset button and open ourselves up to new ideas. and larry kudlow always has new ideas, even if they're conservative. >> i appreciate that and appreciate your honesty. republicans are licking their chops about the elections coming up in 2014, roughly a year from now. we're going to talk more about that later in the show. what i want to ask you is, what can you do for a simple, transparent, compassionate response to the breakdown of obama care? i have an answer. but i want you to go first. >> well, with any health reform proposal, we have to look first at the root cause of th
. look. it's a disaster. they didn't try to go after the economy. they should have tried to fix the economy. instead they focused time on a broken program by pulling in conservative concepts into a health care plan. >> that's -- >> oh. >> that's the reality. the main fundamental promises. keeping your plan, your doctor, saving $2500 per family per year, not true. you may trust him but you are one of five people in the country that believe him. >> you know me. >> i totally agree. there was over simplification. >> why are you having a hard time admitting it's not true? >> just the individual market there are ebbs and flows. that's natural. not everyone can keep their plan. >> they knew, read the november 2 edition of the wall street journal. they were debating in jewel of 2010 whether to tell the truth. they decided against it. here you are. he could have said it better. could have done this. they knew from the beginning. it was over simplification. absolutely true. >> they crafted the talking points to be that way. don't lie, emily. >> emily? >> i'm not going to agree. >> that's
's economy. when you divided it out it was about $400,000 per job. the problem with a government stimulus is you pick the winners and losers. with this stimulus that i'm talking about, a free market stimulus, you simply leave the money in the hands of those who earned it. so the customers have actually picked out the successful people, the ones they choose to buy products from. those people get more money. like i met a young man, young african-american man who has his own restaurant. his first question is, do you have any tax breaks for me for my business? that's what this would do. it would help people who are already in business and trying. >> i don't have to tell you, senator, that republicans have a steep hill to climb in inner city neighborhoods. in the city of detroit in november, 97% of detroit voters supported president obama. 2% voted for romney. the black unemployment rate nationally is still 12.5%. and right now president obama is calling out the gop for what he says is your party's refusal to extend long-term unemployment benefits. take a look at what he said this week. >> for
on the economy. investors, not all of them, rejected that good news on wall street. we will be talking with moody's chief economist john lonski. it's not just the mullen isles, americans just don't trust each other anymore. we explored our countries trust deficit. robbie leatherwood will speak with us next. reporter: vice president aydin in asia, trying to keep the chinese are starting a military conflict. former army four-star general jack keane on what the administration should do next as a business owner, i'm constantly putting out fires. so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i get 2% cash back on ery purchase, every day. i break my back around here. finally soone's recognizing me with unlimited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital one. choose 2% cash back or double miles on every purchase, every d. what's in your wallet? i need your timesheets, larry! ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right trac
. they are expected to rise slightly to 318,000. in the meantime, a revision to gdp is seen showing the economy grew if a pate of 3.2%. both of those reports will be out at 8:30 eastern time. at 10:00, look for october factory orders. in europe we'll get an interest rate decision from the bank of england at about 7:00 eastern time and one from the ecb at about 7:45. the european central bank is widely expected to leave interest rates unchanged at its final policy meeting of the year. last month, though, policymakers surprised the markets with a cut in the interest rate to a record low of 0.25%. we'll check in with ross westgate in just a few minutes. >>> the dow and the s&p are now on a four-day losing streak. this morning, futures are around the flat line. down by about 2.5 points for the dow, down by 0.5 for the s&p and the nasdaq is up by 4 points. november same-store sales will be coming in throughout the morning. cosco's comps rose by 2% during the month. that was short of what the street had been expecting. you had lower gasoline prices and weak foreign currencies. both of those ended up hurti
and inflation data, maybe the global economy is doing better. therefore, risk assets have started to rise somewhat. let's break that down for you in terms of individual sectors. the ftse down. flat this morning. the xetra dax is up .4. the ftse is up around half of 1%. one interesting picture as far as commodities are concerned today. spot gold, 1230 is where we stand. it's down 27% this year. managed to stay fairly flat post the jobs number. on the other hand, copper is down. it's really the tapering talk outweighing the better chinese data. brent holding 111.96. on the bond market, treasuries haven't done too badly today. 2.85% in europe. 2.89%. there is a sense fairly comfortable we might get some tapering. euro dollar up to 137.68. it was at 137.16. you're not far away from the six-month high we hit last week of 103.38. chinese data and sterling, 163.66 just below the six-week number we hit last week. that's where we trend right now. in europe sixuan joins us. >> thank you, ross. happy monday. asian markets gained traction. china markets ended just marginally higher ahead of this week
something happens quick for the economy to catch up, i'm not necessarily agrees there's a crash, but a -- >> pullback. >> what would kill this rally is a sit spike in interest rates. >> we're over it. we had a global bond market sell-off today. >> by the way, mr. shiller, professor shiller may protest a little too much. he has this big theory about the stickily cal adjusted p.e. ratios, where he takes the prices by the average earnings. while it's high, he himself has had hits own index didn't consider the market to be overvalued. it's alternates high. this is his own index right now. >> the other issue is those who believe the market is propped up by the fed. that's been an issue for some time now, but it's gaining rather a lot of traction one an increasing number of people. because -- today there was an article in waerge, but how put the foot on the gas, and is there concern about fed policy and -- and people are becoming concerned. listen. at some point they have to pull the trigger and start to taper. when will it be? march? june? a year from now? that's what gets frustratin
on the list, very small gdp, small economy, to run. you get into a bigger economy situation, you didn't see china on the list either. you get into the big -- >> you think it is apples and oranges. >> i think it could be 92 your "forbes" subscription is cancelled. >> in middle class, in states where i am from, they have trouble with small businesses now because of the tax codes. we're printing money. >> how m many are they really paying, what are they paying. neil: 29%. >> more than everyone else that is not good. >> how many of largest companies pay zero. neil: also those pay full price, oil companies pay full price, you can average it out, but there is something big going on, psychologically this is a stain that building up over theears, high profi cases got it rolling but i tell you there is something going on. >> i agree. that is why i blame obama administration. i am not trying -- >> i blame rick. >> i blame you. >> we have a since of entitlement. >> where are we going with wonder woman? >> to dc . neil: asking twitter to help pick its 2013 person of the year, we went to twitter to vote
is the appropriate agency of resolution for so many of these problems and our society and our economy? >> i couldn't agree more. i think if they left us more -- gotten aetna, cigna, united and the blue cross plans in a room together and said let's figure this out. why don't you go on the website for us, it would have been a lot more successful and done a lot more quickly. i think the more they delegate to private k350e7bs, the better off they'll be. they're learning it the hard way. >> they're learning it the hard way. i take your point that these are good people, smart people, but not really the people i, frankly, give a damn about. i'm concerned about the american people, the people who have been promiseduch by an administration that seems to be capable of very little. the idea that we've gone through, over the last three fiscal years, they've raised over $50 billion in revenue for the affordable care act. they're on track right now. there will be an additional 500 can we put that up, $50 billion collected, 2010 through '12. then, of course, this year and next -- through the ne ten years, we'll
economy is improving. we have doubled our production of clean energy. doubled our traditional energy sources. we are on the brink of being as close to energy independent as any country our size could be in a very long time. a we still have the best universities and companies on earth. we're the envy of the world. so i continue to have great confidence in our capacity to solve our problems. there is a specific challenge that we've got. that is a congress and this city, washington, that is gridlocked and spends too much time worrying about the next election and not the generation. the solution to that is ultimately what was envisioned by our founders. and what jack kennedy understood as well. and that's the american people. question go through these periods where aur politics gets all bollucks up. the truth is when you look at our history, there's been a lot of times where congress gets stuck. but the reason we get through it is the american people have good instincts. if over and over again they see we're not addressing the core problems we have, eventually they will put in place folk
the transition to a new economy, where the federal reserve is not playing that much of a role, can happen. that's what bernanke told us what could happen. it would be amazing as a swan song if it does happen >>> speaking of the fed, front page of the business sentence, the first sentence of ben apple balm's fed piece. federal reserve officials are in no hurry to retreat. >> we're in a weird moment here. when i looked at the pan aklee of knees, not a lot of bad. not a lot of land mines. >> we had this conversation and promptly went down for a few days. >> true but the difference might be that the news flow is very positive this morning. it is indicative of the year. sisco buys a company, u.s. air. no one is thinking they will do that. here is a stock that's been stuck at 33. >> the other one is stuck, period. >> then, we have gilead and this is like apple with china mobile. this is the moment in time that people think, that's new. they create reasons to buy stocks. i was on the phone with somebody who was very big in p.c.s. this has really accelerated. >> p.c.s? >> yes. that's the reasoning behi
more positive news on the economy, lower on the statement that the fed will real in the stimulus. nicole petallides on the floor of the stock exchange on track for a fifth day of declines. nicole: we come off of the lurch and worth noting technology stocks, and attack have been nasdaq moved into the green moments ago for the nasdaq. up four points at 2,049. the s&p and the dow have down arrows. 15,823, and the loss is just 24 points. keeping an eye on the fear index, some strength in retailers, and what the fed will be doing. j.c. penney under pressure again, topsails coming in for j.c. penney and the lot of analysts say those 6 months are they're looking at markets, whether or not they believe some funding for next year. cheryl: thank you. huawei adam: the world's largest carrier may be carrying the iphone according to the wall street journal's china mobile, will likely author the phone later this month so what does this mean for companies? with more details and to break it down. >> to give some perspective, seven hundred million subscribers, the number of users of verizon in th
with confidence. i like this, it's good for the economy, but it's not enough to say we're on the verge of a consumer breakout here. >> all right. but we're going in the right direction. >> exactly. >> watch mort again rates. something we're going to watch carefully. >> absolutely. thanks, steve. >>> the stock bond kumbaya comes amid the question what will a drop in fed stimulus mean for stocks. is the economy strong enough to support the market without fed help? jpmorgan's chief strategist tom lee weighed in on that on "squawk box." >> i think a few weeks ago investors would have been pretty concerned about the idea of taper because i don't think the data gave them economy was at a skate philosophy. friday's job report and some of the ones we've had recently investors are getting comfortable if it does happen in december. >> and mr. lee also said he is bullish on financials and large cap tech stocks. >> that brings us to seema moody. she is reporting on stocks that didn't fare so well in 2013. the big question here is, are they poised to take off in 2014 from dogs to stars? naming some
the inception. this is 20% of the economy health care. it's not going to happen overnight. for me who's not a health care specialist, i look at three or four things that make it critically important. 3 to 4 million people uninsured, will be insured. the 100 plus people that get preventive care that don't have it and the 125 million plus people that have preconditions that will now have to not worry they won't get insurance. those are the things most important to me that is not someone worrying about the day to day website. not that it's not a problem. >> the day to day function of the website comes back to this question about affordability for health insurance longer term. to get younger healthier people involved, it's got to be easy for them to sign up not as difficult as it is right now. when we start to look at what the premiums will be for the next year and beyond i mean, all -- this becomes very, very poblgd. lgd jfrz >> to get health care lower costs, website has to be ioned out. we need to get the young and vibrant to want to go on the exchange. adds peo
on one sixth of our economy, whatever comes up we're just going fix it. >> reporter: meanwhile on capitol hill republicans kept pound being away with their criticism saying that obama care ultimately is more than just this website. >> the president's health care law continues to wreak havoc on american families, small businesses and our economy. it's not just broken website. this bill is fundamentally flawed. causing people to lose the doctor of their choice, causing them to lose their health plan and if that want isn't enough having to pay much higher prices at the same time. >> reporter: also today, larry, inspector general that oversees the irs says the irs may have some proble some problems implementing the health care in refunds. the treasury said they are aware of the problems and been on top of them. they say they will have it under control and be able to prevent massive fraud inside the irs piece of the affordable care act roll out, larry. >> what's going to happen with this back end business called, what is it 836 i think it's called, section 836. 834. it connects the websites to
care policy, 59% of americans disapprove. 37% approve. on the economy, a whopping 65% disapprove. 31% approve. and on immigration policy, 60% disapprove of the president's take, just 32% approve. so you can see the president is standing among americans is at its lowest point ever. the question now becomes can the republican party capitalize in the grand ole party still divided between so-called moderate republicans and committed conservatives. the brawl has been going on for years. and right now the tea party is right in the middle of it. according to real clear politics average, a possible presidential candidates. chris christie a moderate is ahead at 189 percent. conservative rand paul 17%. senator ted cruz 12%. florida senator marco rubio 12%. congressman paul ryan 11%. and jeb bush 10.5%: all these men have a chance to run against hillary clinton in 2016. mrs. clinton is far ahead of any democratic challenger and will remain so. with americans disenchanted by obama care and a bad economy, it would seem the republicans would have some momentum, but they don't. because there is no
of upcoming book, it's worse than you think, the u.s. economy and th the dece of the middle class. and trey, welcome. chris, i don't remember sales going down, a big deal, what do you make of it? >> i wish i could make better news of it. we have record unemployment. we have zero wage growth. we have 48 million people, americans on food stamps, last time i hecked santa does not take ebt. it snow surprise this sale -- it is no surprise that sales were down. >> shopper spent -- how much is that? per family? 423 down from 423 in 2012. >> i think this question requires maybe a big picture approach, holiday shopping started early this year. retail me not conducted a survey. survey. 40% of shoppers started in september. it might have taken a bite out of the blacky sales. and there was a 21% jump in cybershopping monday. it might plan out. >> it always goes up, double digit? >> i don't know if much. last year was the biggest on-line shopping day in history, we were expecting a 15% jump. >> another big question, who won out, is it bricks and mortars or on-line? >> amazon. every other promotion i ha
result, the economy gets hurt, doctors become harder to see. mr. obama didn't address either of those things today and they are crucial in the debate. also, mr. obama did not address the falsehoods under which the affordable healthcare law was passed. but the new spin from his allies is this: >> all americans know politicians lie. the question is which lies can you live with? and time and time again americans have said we can deal with the lies that president obama tells us because we believe in his heart he has the best interest for the american people. >> so that's what the white house is selling that president obama wants what is best for the folks. and i believe that's true in theory, in theory. he does want what's best for the folks. the problem is his vision is running up against reality. the economy is being held back by his tax policies and by obama care mandates on business. there is no question about that that's not what's best. the medical industry in america will suffer from obamacare. it will be harder for working folks to see a doctor and healthcare costs will actually r
, who are living at home who are trying to get into the economy, get their experience, get that first job. by raising minimum wage there will be fewer jobs for those people trying to begin their life as productive workers? >> i would have to disagree with you. that may have been the model five or six years ago but with sequestration, we lost 8,000 jobs in the district of columbia. we have people that have been making a decent wage, that need to continue making -- melissa: is sequestration cut off jobs at mcdonald's? how do you connect sequestration with people who are making minimum wage at places like mcdonald's and burger joints? those two things don't go together? sequestration didn't cut off money for minimum wage at restaurants? >> that is not absolutely true. you will find all kinds of workers in these fast-food places because the economy has been bad. the bottom line the district of columbia provide for a minimum wage. walmart opened their doors. in fact we were surprised to learn starting wage at walmart is $9.25 per hour, even now. we had great impact. they were talking 8.25
that this is something that's so harmful to jobs to the economy and to the access of health care and quality of life. >> wish i had more time. we'll stay on it and watch closely. appreciate it. >> thank you. >> my next guest hacks into computer sites for a living. he's a white hat hacker. he says absolutely no security was built into the health website so your personal information may be at risk. so should you ever sign on? we'll get to it next. later -- >> a dangerous and growing inequality and lack of upward mobility that jeopardized middle class america's basic bargain that if you work hard you have a chance to get ahead. i believe this is the defining challenge of our time. >> class warfare is back. president obama attacking the success of hard-working americans. we'll explain what he wants to do now. plus he's out, done, finished. martin bashir offered his resignation after the despicable comments he made about governor sarah palin. we'll tell you what he said and what his reasoning is. plus senator rand paul, bob beckel and andrea tantaros on this busy night of news. hoo-hoo. hoo-hoo.
in office. >> i believe this is the finding challenges of our time. making sure our economy works wereevery working american. higher wages would leave the steeper prices and fewer pitch and it is for jobs. >> you cannot just translate youreed for more money into every busines and say, i have three kids to be, so you need to pay more. that is not how compensation works in this country. >> they sayyit's up to the local franchise to determine wages. lou: and markets always. while the unions are pressing for higher wages and seeking to organize those workers in the union democrats on capitol hill today push for an extension of unemployment insurance benefits. minority leader nancy pelosi sa that house democrats will not support legislation that does not extend emergency benefits. senate budget committee chairman and house budget committee chrman have been working on a plan the spending cap by 34 billion to just over aa trillion. the twsides have a self-imposed deadline of friday the 13th to relve the matter without deal we could see a repeat of this year's government shut down. we will see. une
but obamacare is destroying the quality of health care. we already see that it is hurting our economy, job creation year in georgia as well as across the nation. in fact, i had one employee with over 200 full-time employees tell me that he was going to let them all go and hire part-time employees just because of obamacare. seeking to avoid having to pay for obamacare. k, not what the doctors ordered. paul brown, john flemming, andy harris, among other congressman joining in this effort. the sickening impact of obamacare. right now i think that the nation would fairly stipulate that obamacare does not work, and most people don't like it. poll after poll validates that view. what is going to be command we just heard congressman brown talk about billy introduced four years ago. >> people not able to keep their own doctors is the president promised. and being teeseven coming to the understanding that they may not be able to keep their doctor. wait until the true ramifications. doctor shortages, shortages in care. the problems. look. there are fewer students going into medical school today, sal
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'll be right back. as your life changes, fidelity is there for your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. where their electricity comes from. they flip the switch-- and the light comes on. it's our job to make sure that it does. using natural gas this power plant can produce enough energy for about 600,000 homes. generating electricity that's cleaner and reliable, with fewer emissions-- it matters. ♪ >>> okay. live look at capitol hill as the sun has yet to come up. here with us director of the earth institute, economist jeffrey sachs. we have sacks and rattner. >> heck of a "new york times" article, obviously the sort of things you've been talking about for so long. >> everyone is talking about them now. you know, we went for so long without discussing these realities now. everyone is opening their eyes. an
276. that's been a pretty significant change. >> a big move but at the same time economy a little bit better. >> unless you count jobs numbers, right? which we'll get another look on friday. >> you want to go against the autos? >> i think gm will have great numbers. there's momentum that's difficult. david, you made the best point. do i want to sell anything other than the losers? five stocks in the dow up less than 10% and clunkers. okay in maybe you want to sell a clunker, caterpillar. a clunker, ibm. otherwise, why take the gain issue? >> i talked to a couple of guys who believe we will have a technical melt-up in the winners for this very reason. >> why would you sell them? you'll buy more or conceivably because nobody has a reason to sell them. we look at the supply. i look at the quarters to me the most important thing is not the revenue growth, not the earnings growth but the shrinkage. companies bought their own stock hand over fist and not a lot of stock for sale. i think it's major. >> looking for clues as to how business news, working into the overall american psyche, check
and federal government helping the economy? we'll have no-spin analysis of the president's statement. ♪ >>> 'tis the season to be jolly, but not for some atheists. a huge billboard in new york city's times square attacking americans who believe, but why? >> sit down and shut up, you idiot, and let me answer the question, and if you don't like it, stop acting like an idiot. >> and "gq" magazine with christie. >> we are a family, so we're going to deal with this as a family. >>> caution, you are about to enter the no-spin zone. "the factor" begins right now. >>> hi. i'm bill o'reilly! thanks for watching us tonight. is the federal government hurting or helping working americans? that is the subject of this evening's talking points memo. even though there was good economic news today, which lou dobbs will analyze shortly, the key indicator of economic strength in america, wages, remains flat. this year, the average hourly wage in this country has increased by just 2%. many economists believe because there aae not enough jobs, workers have to take less pay. seems to make sense. preside
torper in the economy. up until now they said the american economy has been so inventive and resilient it has been able to function even in problems with student graduates this and that not up to snuff. in the future it might not be able to. the skilled labor force will have an impact on the economy. i would have thought it always had. but now it hasn't. >> high technology companies are actually drawing on educated immigrant labor, not necessarily here native american labor. again point to go the failure of our schools to educate our kids. >> but there's a difference. see what we have, it sort of mirrors our economy in many ways, the study shows us that the top-performing u.s. private schools outperform anybody in the world. so it's not that -- our top students are still top. the problem is, it's the vast majority of our students that are going into our public school system where we're underperforming. >> when you compare those to other countries like in japan, for instance, i was just talking to a japanese colleague here before we came on, it's actually considered better to get into a
in one of the southeast asia's largest economies. demonstrators are looking to topple the government and the current prime minister after accusations of corruption and abuse of power. the u.n. has closed its offices in bangkok warning foreign travellers to stay out of the streets. >> afghanistan president karzai is accusing the u.s. of holding back fuel and other supplies. he said they are holding back supplies in an attempt to pressure for him to sign the agreement. >> from the "los angeles times" officials say speed may have been a factor in the crash that killed actor paul walker and his friend over the weekend. according to police the "fast and furious" star left a charity event. witnesses at the event said they heard a loud boom and saw smoke. walker was in the middle of gaming "fast and furious 7." walker leaves behind a 15-year-old daughter. he was 40 years old. >> really. isn't that bizarre? came from a charity event and he gets in one of the cars and the guy drives off with him -- >> he was the passenger in the car. >> passenger in the car and runs into a pole and blows up.
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